The unit will cover both the theory and application of the various types of derivatives instruments, as well as the markets in which they trade. The roles of hedgers and speculators in these markets will be studied, along with the influence of regulation and regulators and how these differ around the world. The unit will also address the role of emissions derivatives in meeting uncertain obligations related to the operation in energy industries and energy intensive industries. -- Course Website
Prerequisites: 10939 (v.6)<br/> Natural Resources Economics 601<br/> <br/> or any previous version
